Bombardier Wins 87 Million Euro Fleet Maintenance Contract With GO Transit In Toronto

New Agreement Builds On Decade Of Successful Fleet Maintenance Services For Major Transit Authority

Bombardier Transportation announced today that it has won a contract from the Greater Toronto Transit Authority (GO Transit) to provide fleet maintenance services for a commuter rail system serving Toronto and surrounding regions. The five-year contract, awarded following a competitive tender, is valued at approximately 87 million euros ($125 million US, $124 million CDN) and includes options for up to 15 additional years of service. Should GO Transit exercise all available options, the contract could reach an estimated value of 346 million euros ($497 million US, $496 million CDN).

“Rail services is a rapidly growing sector in our North American business, and we are very pleased to build on our successful relationship with one of the most important transit operators on the continent,” said William Spurr, President, Bombardier Transportation – North America.

Mike Hardt, Vice President, Services, Bombardier Transportation – North America, commented: “Winning a competitive tender like this is a solid endorsement of the service Bombardier has provided to GO Transit over the past ten years. Our focus now is to maximize coordination across the operations and maintenance functions, and enhance the overall transit experience for riders in this region. We look forward to the challenge.”

The new maintenance services contract comes on the heels of a separate agreement for fleet operations services signed by Bombardier and GO Transit in November. That contract, which was also awarded through a competitive tender, means that Bombardier will be responsible for both fleet operations and maintenance duties on GO Transit’s commuter rail service over the next five years. Both contracts take effect in June 2008.

Bombardier has provided fleet maintenance services to GO Transit since 1997 and has also supplied more than 400 BOMBARDIER BiLevel rail coaches that make up the transit authority’s commuter rail fleet. BiLevel coaches are produced in Canada at production facilities in Thunder Bay, Ontario.

GO Transit oversees one of the premier urban public transit systems in North America, transporting approximately 49 million passengers each year on bus and commuter rail services. Its rail transit system moves an estimated 165,000 passengers each weekday via 181 trains, seven lines, 58 stations and more than 360 kilometers of rail routes.

Background facts and figures

Bombardier Rail Services Around the World
Bombardier is the world’s leading supplier of rail services, including fleet maintenance, vehicle and component refurbishment, and materials solutions. Its Rail Services business maintains more than 8,000 rail cars for operators in Europe, the Americas and the Asia-Pacific region.

Bombardier Rail Services in the Americas

Bombardier’s rail services business provides fleet maintenance and/or operations services for commuter rail systems in Los Angeles, Boston, New Jersey, Ottawa, Miami, San Diego and Sao Paulo, Brazil.

Bombardier also provides equipment overhaul and refurbishment services for rail vehicles and components. Current projects are being carried out for transit authorities in New York, Boston, Maryland, Cleveland, Salt Lake City and Sao Paulo.

In addition, Bombardier supplies operations and maintenance services for fully automated rail systems and people movers in 12 North American cities.

About Bombardier Transportation
Bombardier Transportation has its global headquarters in Berlin, Germany with a presence in over 60 countries. It has an installed base of over 100,000 vehicles worldwide. The Group offers the broadest product portfolio and is recognized as the leader in the global rail sector.

About Bombardier
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2007, were $14.8 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com .

BOMBARDIER and BiLevel are trademarks of Bombardier Inc. or its subsidiaries.

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